Which of the Following Statements Is True About Strategic Alliances

question 2

Multiple Choice

Which of the following statements is true about strategic alliances?

• A)Strategic alliances exclude functions that are bought through bidding.
• B)In strategic alliances, the power to make decisions is always evenly distributed amidst the firms.
• C)In strategic alliances, companies may choose to cooperate at any stage along the value chain.
• D)Strategic alliances usually lead to one of the firms losing their relational advantage.

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Definitions:

Rent Expense

The cost incurred by a business for the use of a property, facility, equipment, or other asset under a lease agreement, charged as an expense.

Prepaid Rent Expense

An expense account that records payments for rent made in advance of the rental period.

Adjusting Entry

At the end of an accounting timeframe, records are made to attribute income and spending to the specific period in which they were incurred.

Accumulated Depreciation

The total sum of depreciation for a fixed asset that has been charged to expense since the asset was acquired and placed into service.